During the last session, Nu Holdings Ltd. (NYSE:NU)’s traded shares were 27.48 million. At the end of the trading day, the stock’s price was $6.91, reflecting an intraday gain of 1.47% or $0.1. The 52-week high for the NU share is $7.09, that puts it down -2.6 from that peak though still a striking 52.82% gain since the share price plummeted to a 52-week low of $3.26. The company’s market capitalization is $31.79B, and the average intraday trading volume over the past 10 days was 46.55 million shares, and the average trade volume was 25.08 million shares over the past three months.
Nu Holdings Ltd. (NU) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.40. NU has a Sell rating from 2 analyst(s) out of 21 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 12 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.04.
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Nu Holdings Ltd. (NYSE:NU) trade information
Nu Holdings Ltd. (NU) registered a 1.47% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.47% in intraday trading to $6.91 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is 8.14%, and it has moved by 39.88% in 30 days. Based on these gigs, the overall price performance for the year is 107.51%. The short interest in Nu Holdings Ltd. (NYSE:NU) is 95.82 million shares and it means that shorts have 4.44 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.29, which implies an increase of 5.21% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.00 and $12.40 respectively. As a result, NU is trading at a discount of -79.45% off the target high and 56.58% off the low.
Nu Holdings Ltd. (NU) estimates and forecasts
Statistics show that Nu Holdings Ltd. has outperformed its competitors in share price, compared to the industry in which it operates. Nu Holdings Ltd. (NU) shares have gone up 64.52% during the last six months, with a year-to-date growth rate more than the industry average at 250.00% against 19.20. In the rating firms’ projections, revenue will increase 52.50% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.74 billion as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $1.87 billion by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.16 billion and $1.24 billion respectively. In this case, analysts expect current quarter sales to grow by 49.90% and then jump by 51.00% in the coming quarter.
While earnings are projected to return -117.80% in 2023.
Nu Holdings Ltd. is due to release its next quarterly earnings on August 15. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Nu Holdings Ltd. (NYSE:NU)’s Major holders
Nu Holdings Ltd. insiders own 9.19% of total outstanding shares while institutional holders control 66.75%, with the float percentage being 73.50%. Galileo (ptc) Ltd is the largest shareholder of the company, while 361 institutions own stock in it. As of Mar 30, 2023, the company held over 415.54 million shares (or 11.54% of all shares), a total value of $1.98 billion in shares.
The next largest institutional holding, with 414.61 million shares, is of Sc Us (ttgp), Ltd.’s that is approximately 11.52% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $1.97 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Nu Holdings Ltd. (NU) shares are Invesco Developing Markets Fund and Europacific Growth Fund. Data provided on Jan 30, 2023 indicates that Invesco Developing Markets Fund owns about 49.83 million shares. This amounts to just over 1.38 percent of the company’s overall shares, with a $231.71 million market value. The same data shows that the other fund manager holds slightly less at 46.98 million, or about 1.30% of the stock, which is worth about $223.64 million.